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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:02 EDTGRVY, NDAQGravity receives Nasdaq staff deficiency letter
Gravity (GRVY) announced that the company received a letter from the NASDAQ (NDAQ) indicating that the company failed to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's American Depositary Shares had closed for 30 consecutive business days below $1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the company has a grace period of 180 calendar days, or until November 24, to regain compliance. The notification advises that such compliance can be achieved if, at any time before November 24, the bid price of the company's ADS closes at $1.00 or more per share for a minimum of 10 consecutive business days. Nasdaq Letter has no effect at this time on the listing of the company's ADS on the Nasdaq Stock Market. The Company's ADS will continue to trade on the Nasdaq Global Market under the symbol "GRVY." Gravity will monitor the bid price for its ADS between now and November 24, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.
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July 30, 2014
08:23 EDTNDAQSEC may consider rule change, allowing IEX to be exchange, Reuters says
IEX Group, which was described in Michael Lewis' book "Flash Boys" as a place for investors to place buy and sell orders without worrying that they are being "front-run" by high-speed traders, may be aided in its goal of becoming a full-fledged stock exchange as the SEC may revisit rules that require the fastest possible execution of securities trades, said Reuters, citing a person familiar with the SEC's thinking. Publicly traded stock exchange owners include NASDAQ (NDAQ), IntercontinentalExchange (ICE) and BATS Global Markets (BATS). Reference Link
July 28, 2014
06:48 EDTNDAQNASDAQ appoints BNY Mellon to provide U.S. Treasury clearing, custody
BNY Mellon (BK) has been appointed by NASDAQ OMX Clearing (NDAQ) to provide EMIR, or European Market Infrastructure Regulation, compliant clearing and custody services for U.S. Treasuries within the NASDAQ OMX Group's new European clearing business. The new mandate extends BNY Mellon's existing relationship with NASDAQ OMX - it was appointed by the exchange as a cash settlement bank in 2013 - and reinforces BNY Mellon's position as a leading custodial service provider to central counterparties, or CCPs. Both EMIR and the Dodd-Frank legislation in the U.S. mandate the migration of over-the-counter derivatives from bilateral clearance to CCPs.
July 24, 2014
07:04 EDTNDAQNASDAQ lowers 2014 non-GAAP operating expense guidance
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07:02 EDTNDAQNASDAQ reports Q2 EPS 70c, consensus 68c
Reports Q2 revenue $523M, consensus $517.16M. The company said non-transaction based revenues were 74% of total Q2 net revenues, and increased 19% from the prior year quarter.

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